What is the Anidaso Mutual Fund?

The Anidaso Mutual Fund (AMF) is a medium to long-term investment product that seeks to preserve and grow your money. The Fund also aims at providing liquidity (quick access to your funds). Incorporated on August 22nd, 2004 as a Limited Liability Company. Anidaso Mutual Fund is openended (which means one can buy in and out anytime).

How does the Anidaso Mutual Fund operate?

Funds are mobilized from investors, who become shareholders, into a large pool. The funds are then invested on behalf of shareholders in high quality fixed income and equity instruments (stocks).

What do I need to open an Anidaso Account?

• A valid ID card
• 1 Passport size picture
• A completed Anidaso Mutual Fund application form, click here to download (available at the offices of New Generation Investment Services and online at www.ngis-group.com)

What are the payment methods?

• Cash and cheque payments at NGIS offices. Cash and cheque payments into Anidaso Mutual Fund's Bank Account.
• Standing order to client's bank for monthly payments.
• Monthly payroll deductions by employer.
• Issuance of post-dated cheques for a period (Eg. 1year).
• Mobile payments

How are the funds managed?

Funds are invested mainly in Fixed Income and Equity Instruments based on an established investment policy.

• The Fixed Income instruments include Government and Corporate debt securities, Commercial Papers, Certicates of Deposit, Fixed Deposits, Call placements, etc.
• The equity investments include shares of companies listed on the Ghana Stock Exchange (GSE) and on other regulated stock markets.
• Investment decisions of the Fund are research driven and supported by NGIS' research team.

How often can I contribute?

• A minimum initial contribution of GH¢10.00 and regular contributions thereafter in multiples of GH¢5.00 .
• A lump-sum contribution of GH¢100 and above

What returns can I make as a shareholder?

One makes a capital gain (loss) depending on the upward (downward) movement of the share price from the purchase price.

To determine the returns made on your investment, subtract the price at which you make redemption from the purchase price. Assuming you buy 100 Anidaso shares at GH¢0.20 per share today (GH¢0.20 *100 = GH¢20), and you redeem (sell) some time later when the price has increased to GH¢0.30 per share. You will receive GH¢0.30*100 = GH¢30.00. Your return is GH¢30 - GH¢20 which is GH¢ 10.00. That translates into a percentage gain of 50% on your investment.

How do I receive information on my investment?

Upon receipt of monies from investors, a contract note showing the number of Anidaso shares bought and the purchase price will be provided to the investor

The value of your investment is the number of shares you have in Anidaso Mutual Fund, multiplied by the prevailing price. Once you know the total number of shares you have in the Anidaso Mutual Fund, you can determine the value of your investment by multiplying it by the prevailing price.

How Long Must I Be In The Fund?

The Fund is most appropriate for investors seeking at least 3 years horizon since the Fund's investments are largely in medium to long term assets. An investor may however redeem at any time. The regulations establishing the fund stipulates that a commission of between 1% to 3% is charged on redemptions made before 3 years.

How do I exit from the fund or take part of my money?

• Complete a withdrawal form and submit by hand, fax, post or mail to New Generation Investment Services Ltd.
• Redeemed shares will be bought by the Fund at the prevailing price.
• Payments are made by cheque or transferred to client's account within a maximum of 5 working days.

What is the risk in investing in the Anidaso Fund?

Every investment has a risk element. Just like other investments, Anidaso Mutual Fund is prone to price depreciation due to market risk, ination and currency risk. The Fund Manager, will however use its professional know-how to minimize the risk of price depreciation. It does this by investing in high performing companies and by diversifying its portfolio.

How much does the Fund Manager charge?

An annual management fee of not more than 2.5% of total asset value is charged by the Fund Manager. This charge is however embedded in the share price.

Who can invest in the Anidaso Mutual Fund?

It is open to all categories of investors including individuals and organizations such as educational institutions, bank and non-bank nancial institutions, pension funds, associations and unions, churches, etc.

Who manages the Fund?

The Fund is managed by New Generation Investment Services (NGIS) Limited, a leading investment banking rm licensed by the Securities and Exchange Commission and the National Pensions Regulatory Authority (NPRA).

What are the advantages of being a Shareholder?

• Shareholders can enjoy very high rates of returns that can far exceed returns on money market instruments.
• Shareholders become indirect shareholders in high performing companies.
• Shareholders, who otherwise could not afford the technical know-how in securities selection, have access to professional investment management services.
• You can have quick access to your money. Shares are transferred to cash within five (5) working days through a well-defined and fair process.
• Affordability: With a minimum monthly payment of GH¢5.00, you can join the fund today and still earn very attractive returns.
• The Fund Manager provides continues financial and investment advice to clients that enables them to take prudent decisions.

How secured is my investment?

• Anidaso Mutual Fund is licensed by the Securities and Exchange Commission (SEC) (www.secghana.org). The regulator ensures that the Fund Manager operates strictly under the regulations setting up Collective Investment Schemes (CIS).
• Standard Chartered Bank, a renowned name in global securities operations, is the custodian of the Fund, ensuring that best international practices are adhered to in the administration of the Fund.
• Board of Directors of the Fund are accountable to SEC. They are people of integrity who protect the interest of shareholders.

What can I use the Anidaso Mutual Fund for?

To cater for your medium to long-term financial needs such as:

• Saving to rent or buy a house
• Purchase of vehicle
• Marriage
• Providing for a child's education
• Saving for your retirement, etc.